Mobilize the European Fund for Strategic Investiments (EFSI) for defence industry ?September 16, 2016
Hat: EU Commissioner for industry wants to create an European Fund for Defence
Funding Scheme: 2016-09-16
Pgm2014 2020: Yes
The European Fund for Strategic Investments (EFSI) has been created in 2014 in order to reduce the lack of investment due to the economic crisis in the EU. Its fund is supposed to finance risky and innovative projects that did not obtain funds from traditional European economic tools as ERDF or ESF.
EU Commissioner for industry Bienkowska announced that Brexit is going to facilite the creation of an European fund for defence industry. She declared that the EU should invest in that field and may use the European Fund for Strategic Investisments to finance defence projects.
On September 14 2016, President of the Commission Jean-Claude Juncker also announced that the EFSI will be doubled and extended to 2023.
Url description: Reuters